We need more content creator traders like this guy, seriously 1of1 trader breaks everything down in a very simple way to understand, keep goin scarface you’re the man.
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Excellent! I really do have a question. As a beginner interested in trading. How would you recommend we enter into trading ? I will greatly appreciate any suggestions
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
As I watch your videos I can literally feel my mindset shifting and I think back to all of the mistakes I made in trading in the past. I can tell profitability is very close for me! Thanks to you!
@@Ngontinhdammycokim I've still been backtesting lately and having good results, I am aiming to get into live markets next week, my work schedule is just hectic during live market hours. thanks for checking
He truly talks like he wants to help Retail Investors. The stock market is for the rich and those that learn how the rich think! There is a saying that "Money Makes Money ". His strategy will help us minimize our losses and maximize our gains. Thank you!
scar has the best simple break down videos!! was wandering if you can break down on how to catch just the first 5 min candles I see a lot of trades kinda knowing what the first 5 min candle is going to do so they are in the market for the first 10-15 mins and done! My Dawg! love
As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400k from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just 18 months, I achieved over 80% capital growth, not including dividends. Highly recommended!
I've stuck with ‘’Victoria Louisa Saylor ” for 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
1. “In a scenario where the breakout occurs, but the price does not come back to retest the range and instead just continues to move in one direction, how would you handle that situation? Do you have any specific entry or exit strategies for this pattern?” 2. “If the price comes back to retest the breakout range but then stays inside the range without breaking out again, would you typically close the trade? Or do you have a specific signal or condition that you look for before exiting in such cases? Also; gap up and gap down when open
As my understanding, 1. If that occurs you may conclude that not the day you want to trade or you can simply wait until 11.00am to see if it does retest 2. If it not TP in the range of 9.30am to 11.00am you can consider to cut that trade.
You don't deviate from the trade plan, you enter and take profit and stop out where you said you would that's it! A professional trader does not get nervous or anxious during the trade as they already have a game plan and will risk what they're willing to lose.
@@ScarfaceTrades how do you know the exact risk? aren'tyou supposed to wait for a CLOSE below/above the stop? aren't you just showing the candle stop area, vut who knows where it will CLOSE??
For beginners hope he also indicated on each day where he started to buy and where he started to sell. But its still very comprehensive... learned a few stuff from this vid. Big thanks to this guy.
I love this! It seems so easy to follow. I’m not a trader but wld love to learn something simple and easy to understand, and have success. I’ll start testing this strategy next week. Thank you.
Hey bro I been losing like crazy. But this week I saw your video and tried it on Monday with $100. Today is Thursday and I’m up 1k using this simple strategy. TY! I’ll keep you updated on my gains for 2 weeks
Love your videos man, your strategies have been what I've solely been trying to master for over half a year now... but i just gotta say on day 4 your loss is actually a lot higher because you teach us not to exit until the candle closes at or beyond the stop loss, so your stop was at 216.10 that day which wouldve made your loss about 40% more
Great points in this video! Automation has allowed me to take trading to the next level by reducing emotional errors, handling multiple crypto assets simultaneously, and operating 24/7. It’s all about consistency and maximizing opportunities. That’s what I do.
You need to elaborate on what is considered a retest. You made extra rules when the restest failed. A strategy should be consistent if it is to actually work in the moment.
Great video again scarface ! I'm celebrating a $3M Dividend portfolio today. I Started investing much time and money into this. I am also with the right Investment Advisor, who handles my portfolio and executes my trades. Now I have steady dividend income and time for my family as well ❤
Amazing! I have Liquid $250K to put into stocks, but I want to ensure good profits & safety. With tons of Advisors now, how did you find the right Investment Advisory?
WOOW !! Essmildaa Morgan is finally getting the popularity she deserves and this docent come as a surprise. my favorite stocks She invest in are Amazon,Walmart, TELSA and currently, Crowdstrike
Very simply and well explained, I love this 5M ORB Strategy for NY opening bell, It's a huge success for me, I have introduced it to my little group and today I shared your video to them. Thnx
THIS video was very, very, VERY helpful and VERY easy to understand. I enjoyed it greatly and was able to learn a ton. Thank you for making the video and hope to see more just like this.
Hi Scarface, First of all, congrats on your videos. I´m implementing this strategy this week for the first time and I had 66% wins untul now. Fantastic. What type of asset do you prefer to implement this strategy? Stocks, Indices, Currency pairs, Commodities? Is it applies to all these assets? Thanks a lot.
I am about to start making a living out of this very strategy! I sometimes modify this to scalp between the 5 min high and low. You make it so simple to understand brother. Thank you!
Awesome video, got a few new tips off this video.... always learning......... Love this guy! Keeps it simple and to the point. He is a gift to us retail traders...... Thank You for your teachings....
This is great for stocks, but not so much with futures and forex due to the fact a daily candle doesn’t start at 930. Not posting negativity as I think this is great, I’m just putting this on there for those trading futures and forex so they aren’t confused.
@@didymario I can agree with that but backtesting is overrated to me. It still requires you to trade it and be able to execute. So if you can’t trade it with the rules it doesn’t even matter anyway you still determine if it’s profitable.
thanks man, all along every one kept taking about the power of three candle strategy . and I never seem to get it. but today you explained it perfectly. and made it so simple. finally understood. thanks a lot.
This works 100% of the time about 50% of the time. I tried this on 5 tickers last week and went 5 wins 22 losses. There is no silver bullet except DCA.
When I scalp spy I win about 80 to 85% of the time. Once you train your eyes on price action, you start to build market intuition, and with my losses I just cut them at specific support/resistance levels, so even the losses aren't that bad.. Stock charts are just emotion and algos, nothing more.
@@user_abcxyzz its not options. hes backtesting and entering in shares. if it were options, he would have to select his strike. Each strike has a different delta which means the amount of money you gain or lose per contract when the underlying moves by 1 dollar. The closer his strike is to the current price, the higher the delta, the lower or further away his strike is, the lower the delta will be thus the less money he makes. you cant backtest in options. you can only backtest with equities (shares)
Do you no longer use the premarket high and low with this strategy? I know in previous videos you also used premarket high and low as support and resistance. Just checking.
I do use that strategy, if you go through my channel you'll understand the "SYSTEM" I trade is break and retest. From there all of these setups: 5 min range, pm high/low, previous day levels, etc these are the setups I can trade in my SYSTEM. Very important to differentiate your system and setup!
I’ve always been pro trading because it's been quite lucrative since I decided to dabble in it. I've seen my net worth grow exponentially over the past year.
I wish I could say the same but not everyone is as lucky as you are. I've tried trading but I'm barely making any progress. Could you please share how you're doing it?
It’s far from luck to be honest. I had to learn the hard way. I started trading using just speculation and lost huge sums twice. I know that learning the ins and outs of the market isn't for everyone, and that's why personally, Jonas Herman oversees my trades in ways that have me good returns of over $41k in roi.
4.5 year's for me now....and just starting to become consistently profitable. My advice is stick with a strategy focus on market structure, don't chase every new shiny object, but add to what you already know if it gives you an edge. Journal so you keep track of what works and doesn't, proper risk management, and trading psychology is very important and don't quit .
If you are starting with $100.00 to get a 2X reward, it is extremely hard because of low share size.. is it ok to look at low-priced penny stocks with high volume low float?
Is there an exception to the retest ? If the action is breaking out and clearly going in an aggressive upward direction from the middle of your daily mark out lines ?
I would say you need to use very common names and not penny stock for this to have a chance that is better than luck. Also starting with $100 or just one share won't matter, the percentage is still the same and only the dollar amount would be different. You need a stock with daily volatility that is pretty wild. Almost too wild. I have not back tested this with Amibroker but my intuition tells me something is not exactly right about this plan. (Let the floggings begin.) To tell you the truth, I am more impressed with shooting for a .0033% (1/3 of 1%) gain every day. This will 120x every dollar set in motion within four years. $1000 is turned into $120,000 in 48 months. It is not a crowd pleaser for youtube videos but it will change most people's lives because of that all important first $100,000. Then a 6% monthly gain can bring in $6000 every month from now on. Also if you don't withdraw your 6K per month then that $100,000 will double every year. The one rule with my plan is that you have to get out of losers extremely early. Don't care how big of a run that make after you sell. You will make more with small wins every time. The PDT rules won't hurt you a bit. You never put all your money on one play no matter how little you have in the beginning. We now have the T-1 rule for trading stocks so we are back up running quickly. I have been doing the above with TQQQ, MARA and SOUN because they move up and down daily plus I have became familiar with their personalities.
I appreciate that you are telling us how to do this in the broader sense. Can you tell us how to do this in every step. Which software. Which brokerage, what market, what verbiage, what everything. The main obstacles are the basic step by step mechanical issues. AFTER that, we can do this stuff with your instructions but until then we need some 101 classes.
@@beezy7412 I understand he wants people to engage in his paid program because he mentions his students in some of the videos. I would be more inclined to become a member when I have some success with the basics and want learn more advanced strategies. However, I need all of the tools and terminology to become a successful basic trader. I will keep searching, watching and reading.
"It would be extraordinary to see a post from a master like you, with a strategy similar to these in the NY section, but in Asia. To work with NAS, US, and SP."
The one day lost is $1,600. I think it's important to let traders know your trading account size so they can size respectively. A trader with small account would easily be wiped out so beware.
Very nice strategy but just wanted to confirm so we mark up high and low of the daily candle then we jump on 1 min time frame wait for 5 one min candle right?
Hey Tony, thanks as always for the great edu!! Question, is TSLA highest on ur list to use this strat? Also, what is ur average position size?? I’m always trying to extrapolate it backwards, lol!! Ur an amazing success story always, congrats to you!!! Thank you
I trade usually whatever has most relative strength or weakness in the week/month in tech names. My size varies from 50 contracts up to 100 on average.
What is he using options or shares and how much risk per trade to state those dollar amounts of profit? Difficult to see. What stock to use? You cant be watching many in such a short time frame.
Watching tickers such as SPX and SPY are great for trading options (Which his what he’s trading) and you have to pay the premium price of the contract. A $1.50 contract would cost $150 to buy for example.
@@andreap795 I don't think he is using Options. The reason is .. he is Buying his position after his Desired state is Reached. If he Purchases an "Option" that is Already in Trend it is Way too Expensive. 2R - 3R is not enough Profit to be Profitable. In my opinion it has to be Stocks. Hope he answers.
It's not right to say this was a $2000 trade. Some people might be using a $5000 account. It seems like your saying they can make nearly 50% of their account in 20 minutes. You should use % value.
@@airmasterhvac 2r is not the same as 2x or a 200% return. 2r is simply your reward is 2 times your risk (stop loss) Re: buy 10 shares of stock @ $100/sh. Put your stop loss @ $99 and your take profit @ $102 (2r). If trade is successful you make $20 (2%). If trade not successful and you get stopped out you lose $10 (1%).
Simply superb. Simple strategy and works well. I tested for complete October and result wonderful. You have to stick to discipline for one trade a day. After first profit you have to close for that day.
How. I've done days of bactestign spy to single stocks and it just doesn't work. I never get entered because it never retests and when it does. It already ran up and it breaks thru the resistance. Not saying it a losing stratagy just saying it a stratagy that never gets used because it never hits your entry
From a personal perspective, trading based on candlesticks is simple, safe, and most profitable. However, you need to test thoroughly in a real trading environment and address psychological trading issues. Wish you success
Thank you brother! This video was very helpful. Going to give this a shot tomorrow. I am in a mentorship right now as I just found you but would like to come over and join you after I’m done. Thanks again for explaining things very clearly, so a 5 year old could understand 😂
We need more content creator traders like this guy, seriously 1of1 trader breaks everything down in a very simple way to understand, keep goin scarface you’re the man.
Thank you!
I’ll always try to give as much value as possible but simplify the concepts!
does same work on NQ ?
@@ScarfaceTradeshow can i use this strategy for crypto ? Plz help me
@@arshtatla8952 Yes, I only use it on NQ
@ScarfaceTrades what trading platform is this you are using because I would like to take trades on the chart with stop loss an exits like this
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Excellent! I really do have a question. As a beginner interested in trading. How would you recommend we enter into trading ? I will greatly appreciate any suggestions
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I like that you show the failed trades.
This is where i learn the best and not on the "only Win trade" videos.
Thank you
Love this, no fluff, no complicated indicators, just pure price action, thank you 🤝
He showed us the wins and loses, i love this guy
As I watch your videos I can literally feel my mindset shifting and I think back to all of the mistakes I made in trading in the past. I can tell profitability is very close for me! Thanks to you!
You can do it, glad the videos are putting you in the right direction!
How about your result now bro?
@@Ngontinhdammycokim I've still been backtesting lately and having good results, I am aiming to get into live markets next week, my work schedule is just hectic during live market hours. thanks for checking
He truly talks like he wants to help Retail Investors. The stock market is for the rich and those that learn how the rich think! There is a saying that "Money Makes Money ". His strategy will help us minimize our losses and maximize our gains. Thank you!
You’re so good at simplifying everything. You’re so motivating. I just subscribed to your channel and I’m gonna binge the whole thing 😅
How true the saying, "No man is an island". Thankyou for sharing
your insight. Very much appreciated
scar has the best simple break down videos!! was wandering if you can break down on how to catch just the first 5 min candles I see a lot of trades kinda knowing what the first 5 min candle is going to do so they are in the market for the first 10-15 mins and done! My Dawg! love
As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400k from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just 18 months, I achieved over 80% capital growth, not including dividends. Highly recommended!
Can you share details of your advis0r? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
I've stuck with ‘’Victoria Louisa Saylor ” for 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
AWESOME strategy putting multiple time frames together. And the famous Retest Strategy.👍Great video
Yessir! Keep it simple!
You have transformed my trading after all these years and after all the losses. I am seeing real results now. Thank you T.
Happy to hear man, keep learning and growing!
How’s it going so far?
1. “In a scenario where the breakout occurs, but the price does not come back to retest the range and instead just continues to move in one direction, how would you handle that situation? Do you have any specific entry or exit strategies for this pattern?”
2. “If the price comes back to retest the breakout range but then stays inside the range without breaking out again, would you typically close the trade? Or do you have a specific signal or condition that you look for before exiting in such cases? Also; gap up and gap down when open
would like to know too!
на неудобные вопросы чувак не отвечает
As my understanding,
1. If that occurs you may conclude that not the day you want to trade or you can simply wait until 11.00am to see if it does retest
2. If it not TP in the range of 9.30am to 11.00am you can consider to cut that trade.
@@traichu4504 in that case use the previous day high and low … with the same strategy
You don't deviate from the trade plan, you enter and take profit and stop out where you said you would that's it! A professional trader does not get nervous or anxious during the trade as they already have a game plan and will risk what they're willing to lose.
I see good results with your 5 minute opening range in my trading thank u man
Love to hear it, keep crushing it!
@@ScarfaceTradeswhat’s ur avg position size on this 5 min strategy, 2-4K?!?! Thanks as always, you’re extremely helpful to us!!!
@@ScarfaceTrades how do you know the exact risk? aren'tyou supposed to wait for a CLOSE below/above the stop? aren't you just showing the candle stop area, vut who knows where it will CLOSE??
@@ScarfaceTradesbro What tf? Skipping tf?
just watched the whole video and saved it for future reference, i'm here to see you reach 1m subs, let's go!!!!.
Thank you man!
Glad you enjoyed the video!
Please keep educating us! This is pretty cool that we are able to get info like this with no strings attached. 1 million subs coming soon.
One of my favorite trading videos I’ve ever watched thank you bro
For beginners hope he also indicated on each day where he started to buy and where he started to sell. But its still very comprehensive... learned a few stuff from this vid. Big thanks to this guy.
It's scarry how well edited this video is
I love this! It seems so easy to follow. I’m not a trader but wld love to learn something simple and easy to understand, and have success. I’ll start testing this strategy next week. Thank you.
Hey bro I been losing like crazy. But this week I saw your video and tried it on Monday with $100. Today is Thursday and I’m up 1k using this simple strategy. TY! I’ll keep you updated on my gains for 2 weeks
how are you doing now? How are you doing?
Yes?
Updatee
updateeee
Dead
Thank you ...amazing 0:12 strategy...How do you find which stocks to trade..do you trade one stock all time?
Love your videos man, your strategies have been what I've solely been trying to master for over half a year now... but i just gotta say on day 4 your loss is actually a lot higher because you teach us not to exit until the candle closes at or beyond the stop loss, so your stop was at 216.10 that day which wouldve made your loss about 40% more
Great points in this video! Automation has allowed me to take trading to the next level by reducing emotional errors, handling multiple crypto assets simultaneously, and operating 24/7. It’s all about consistency and maximizing opportunities. That’s what I do.
i think its important to bring yourself back to simple strategies like this. Soooo many indicators, they can add up quickly.
GREAT video, thank you.
You need to elaborate on what is considered a retest. You made extra rules when the restest failed. A strategy should be consistent if it is to actually work in the moment.
Excellent explanation of your strategy. Thanks a million all the way from South Africa.
Great video again scarface ! I'm celebrating a $3M Dividend portfolio today. I Started investing much time and money into this. I am also with the right Investment Advisor, who handles my portfolio and executes my trades. Now I have steady dividend income and time for my family as well ❤
Amazing! I have Liquid $250K to put into stocks, but I want to ensure good profits & safety. With tons of Advisors now, how did you find the right Investment Advisory?
Essmildaa Morgan is well known, just look her up.
WOOW !! Essmildaa Morgan is finally getting the popularity she deserves and this docent come as a surprise. my favorite stocks She invest in are Amazon,Walmart, TELSA and currently, Crowdstrike
Holy Smokes, congratulations. Investing can be complex, it's so smart to get professional guidance when building a financial portfolio.
@@veliadisrosasjr1647,If u do invest with my company, i will offer 5-10% every month for 5 years. After 5 years, your capital will be return...
I rebranded it and believe and boom everything click . This channel worth more than 5 star ... thanks 🙏 bro I appreciate ur effort. One love 💕
Hi and thanks for great video as always
Can you please make a video about gold trading ?
Is this strategy working on gold too?
I just jumped back in and am figuring out what I used to do 2 years ago and your video came up to show me the way. Way to go. Thank You
Very simply and well explained, I love this 5M ORB Strategy for NY opening bell, It's a huge success for me, I have introduced it to my little group and today I shared your video to them. Thnx
I am making a lot of progress trading because of your teaching. Thanks bro!
THIS video was very, very, VERY helpful and VERY easy to understand. I enjoyed it greatly and was able to learn a ton. Thank you for making the video and hope to see more just like this.
Glad it was helpful!
First video I understood 😅 thx this clarifies alot for me I be watch the rest of your videos
Nice video. Do you think it'll work on trading gold?
Thanks for the VID. This is the most complete video of any trading tutorial
Hi Scarface,
First of all, congrats on your videos. I´m implementing this strategy this week for the first time and I had 66% wins untul now. Fantastic.
What type of asset do you prefer to implement this strategy? Stocks, Indices, Currency pairs, Commodities? Is it applies to all these assets? Thanks a lot.
I needed this so bad to understand how to trade, in detail. Thank you so much!
I am about to start making a living out of this very strategy! I sometimes modify this to scalp between the 5 min high and low. You make it so simple to understand brother. Thank you!
it doesnt work u dumbah
Has it worked for you
@@madilm0505 yes
Awesome video, got a few new tips off this video.... always learning......... Love this guy! Keeps it simple and to the point. He is a gift to us retail traders...... Thank You for your teachings....
This is great for stocks, but not so much with futures and forex due to the fact a daily candle doesn’t start at 930. Not posting negativity as I think this is great, I’m just putting this on there for those trading futures and forex so they aren’t confused.
It works for futures. The NY market opens at 930 thus you get volatility at this time.
My issue is with the length of backtest. 1 week means nothing.
@@didymario I can agree with that but backtesting is overrated to me. It still requires you to trade it and be able to execute. So if you can’t trade it with the rules it doesn’t even matter anyway you still determine if it’s profitable.
thanks man, all along every one kept taking about the power of three candle strategy . and I never seem to get it. but today you explained it perfectly. and made it so simple. finally understood. thanks a lot.
This works 100% of the time about 50% of the time. I tried this on 5 tickers last week and went 5 wins 22 losses. There is no silver bullet except DCA.
how do u use DCA? Doesn't it significantly your Drawdowns?
When I scalp spy I win about 80 to 85% of the time. Once you train your eyes on price action, you start to build market intuition, and with my losses I just cut them at specific support/resistance levels, so even the losses aren't that bad.. Stock charts are just emotion and algos, nothing more.
@@down-the-rabbit-hole What price action do you train your eyes on watching? Is it the same strategy as the video?
Can I please copy you? 😃 Im happy to share the profits
Just like being in a bad relationship.....you just gotta know when to leave n cut your loses
Wow, this strategy looks amazing. I will try it next week. Thank you so much!
You are one of a great man ever. I love your videos and strategies 💖🙏
This man is very accurate in what he says. I've been trading for a very long time, and I've come to his approach through many bad experiences.
hello. how do you set that red and green drawing (1:2 ratio table) on thinkorswim chart? or what is the proper name of that table/drawing? Thanks
In TradingView - Indicators > Drawings > Forecasting & Measurement > choose either Long Position or Short Position
Brilliant Brilliant presentation.
Very valuable.
I guess the 11am ET is the New York Open.
What kind of leverage are you trading with to enter w $1000 and make 2k in small move? Super curious
That’s what I was wondering as well
Probably options
@@user_abcxyzz its not options. hes backtesting and entering in shares. if it were options, he would have to select his strike. Each strike has a different delta which means the amount of money you gain or lose per contract when the underlying moves by 1 dollar. The closer his strike is to the current price, the higher the delta, the lower or further away his strike is, the lower the delta will be thus the less money he makes.
you cant backtest in options. you can only backtest with equities (shares)
Me too.. please mention Investment amount and leverage for your trade
Love the content as always. Education on making money is key. Love it
That's actually a very informative video. Thank you!
This video is a treasure !!! Thanks for sharing this!! Highly appreciate!
Do you no longer use the premarket high and low with this strategy? I know in previous videos you also used premarket high and low as support and resistance. Just checking.
He marked up previous day high and low and the open of the first 5 min candles (high & lows)
@@youngremy1133 that wasn't the question
@ brad I think this is just another strategy but yes I've seen videos describing what you said about the pre market h/L
I do use that strategy, if you go through my channel you'll understand the "SYSTEM" I trade is break and retest. From there all of these setups: 5 min range, pm high/low, previous day levels, etc these are the setups I can trade in my SYSTEM. Very important to differentiate your system and setup!
Good strategy but add the stochastic at 80/20 or 92/6 to gauge which way the trade is likely to go after the 1st 5 minute candle breaks it’s low/high.
I’ve always been pro trading because it's been quite lucrative since I decided to dabble in it. I've seen my net worth grow exponentially over the past year.
I wish I could say the same but not everyone is as lucky as you are. I've tried trading but I'm barely making any progress. Could you please share how you're doing it?
It’s far from luck to be honest. I had to learn the hard way. I started trading using just speculation and lost huge sums twice. I know that learning the ins and outs of the market isn't for everyone, and that's why personally, Jonas Herman oversees my trades in ways that have me good returns of over $41k in roi.
4.5 year's for me now....and just starting to become consistently profitable. My advice is stick with a strategy focus on market structure, don't chase every new shiny object, but add to what you already know if it gives you an edge. Journal so you keep track of what works and doesn't, proper risk management, and trading psychology is very important and don't quit .
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading. It’s all just gambling.
I've tried trading in the past but my efforts were futile. Can he help me? I'm pretty much interested.
If you are starting with $100.00 to get a 2X reward, it is extremely hard because of low share size.. is it ok to look at low-priced penny stocks with high volume low float?
Is there an exception to the retest ? If the action is breaking out and clearly going in an aggressive upward direction from the middle of your daily mark out lines ?
I would say you need to use very common names and not penny stock for this to have a chance that is better than luck. Also starting with $100 or just one share won't matter, the percentage is still the same and only the dollar amount would be different. You need a stock with daily volatility that is pretty wild. Almost too wild.
I have not back tested this with Amibroker but my intuition tells me something is not exactly right about this plan. (Let the floggings begin.)
To tell you the truth, I am more impressed with shooting for a .0033% (1/3 of 1%) gain every day. This will 120x every dollar set in motion within four years.
$1000 is turned into $120,000 in 48 months.
It is not a crowd pleaser for youtube videos but it will change most people's lives because of that all important first $100,000. Then a 6% monthly gain can bring in $6000 every month from now on. Also if you don't withdraw your 6K per month then that $100,000 will double every year.
The one rule with my plan is that you have to get out of losers extremely early. Don't care how big of a run that make after you sell. You will make more with small wins every time.
The PDT rules won't hurt you a bit. You never put all your money on one play no matter how little you have in the beginning. We now have the T-1 rule for trading stocks so we are back up running quickly.
I have been doing the above with TQQQ, MARA and SOUN because they move up and down daily plus I have became familiar with their personalities.
I appreciate that you are telling us how to do this in the broader sense. Can you tell us how to do this in every step. Which software. Which brokerage, what market, what verbiage, what everything. The main obstacles are the basic step by step mechanical issues. AFTER that, we can do this stuff with your instructions but until then we need some 101 classes.
Are you buying options and what expiry date? Thanks!
I usually buy weekly contracts.
@@ScarfaceTradesmeaning what exactly?
Exactly. He talks a lotttt but rly says nothing. Do your own thing nd your own due diligence. Nuff said
@@beezy7412 I understand he wants people to engage in his paid program because he mentions his students in some of the videos. I would be more inclined to become a member when I have some success with the basics and want learn more advanced strategies. However, I need all of the tools and terminology to become a successful basic trader. I will keep searching, watching and reading.
Very nice explanation with an excellent strategy! Best wishes!❤
Thank you for this video, do you offer account management or have any recommendations?
Wow that's huge, how do you make that
much monthly?
As a beginner what do i need to do? How can i invest, on which platform? If you know any please share.
Wow! Awesome explanation. Thank you for sharing.
Hey bro! What stocks should I focus on using this strategy? Or would QQQ and SPY be better?
Great explanation. I would like to know how you are choosing the stock to follow and what platform you use to execute trades so quickly?👍
Can this be used this with futures contracts?
Of course it can!
Even better. You don't have to deal with Theta decay
Why don’t u go backtest and find out ? He already gave u the strat go and do a the rest bro damn
@@maxoutj7007 Word bruv
@@maxoutj7007 😂
"It would be extraordinary to see a post from a master like you, with a strategy similar to these in the NY section, but in Asia. To work with NAS, US, and SP."
The one day lost is $1,600. I think it's important to let traders know your trading account size so they can size respectively. A trader with small account would easily be wiped out so beware.
Very useful information from this video my guy appreciate that !
Very nice strategy but just wanted to confirm so we mark up high and low of the daily candle then we jump on 1 min time frame wait for 5 one min candle right?
This video was Elite very informative made everything simple
Hey Tony, thanks as always for the great edu!! Question, is TSLA highest on ur list to use this strat? Also, what is ur average position size?? I’m always trying to extrapolate it backwards, lol!! Ur an amazing success story always, congrats to you!!! Thank you
I trade usually whatever has most relative strength or weakness in the week/month in tech names. My size varies from 50 contracts up to 100 on average.
Back tested and going live today. New subscriber.
What market are you trading this strategy? Stocks? How are you doing so far?
What is he using options or shares and how much risk per trade to state those dollar amounts of profit? Difficult to see. What stock to use? You cant be watching many in such a short time frame.
Watching tickers such as SPX and SPY are great for trading options (Which his what he’s trading) and you have to pay the premium price of the contract. A $1.50 contract would cost $150 to buy for example.
@@andreap795 I don't think he is using Options. The reason is .. he is Buying his position after his Desired state is Reached. If he Purchases an "Option" that is Already in Trend it is Way too Expensive. 2R - 3R is not enough Profit to be Profitable.
In my opinion it has to be Stocks. Hope he answers.
Nice video and simply explained 😃.
It's not right to say this was a $2000 trade. Some people might be using a $5000 account. It seems like your saying they can make nearly 50% of their account in 20 minutes. You should use % value.
He did say he was going for a 2 r which is 2x or 200%.. You might want to re watch the video, it seems you missed some important details.
@@airmasterhvac2r does not mean 200%, it means you are trying to make double what you are risking to lose…
@@airmasterhvac 2r is not the same as 2x or a 200% return. 2r is simply your reward is 2 times your risk (stop loss) Re: buy 10 shares of stock @ $100/sh. Put your stop loss @ $99 and your take profit @ $102 (2r). If trade is successful you make $20 (2%). If trade not successful and you get stopped out you lose $10 (1%).
master this so you can pass a 100k funded account.
Amazing video, congratulations
If it works every time you won't make RUclips vedios
Simply superb. Simple strategy and works well. I tested for complete October and result wonderful. You have to stick to discipline for one trade a day. After first profit you have to close for that day.
What instrument did you test with?
LoL if you do 100k you're not doing YT videos😅
Drink this L😂
This was a great video !!
I passed my combine account with this strategy! It doesn't work every day but there is 100% win rate strategy. I really appreciate it.
How. I've done days of bactestign spy to single stocks and it just doesn't work. I never get entered because it never retests and when it does. It already ran up and it breaks thru the resistance. Not saying it a losing stratagy just saying it a stratagy that never gets used because it never hits your entry
@@devofletch4321 I made another 1.2k today with this strategy. You might trade wrong stocks.
you are the best trader ！
Thanks to this valuable idea u shared , salute 🎉
Simple & easy to understand! 👍🏼 😎 💯
Excellent video. Thanks for sharing.
Excellent content!
Promising strategy. Thank you for sharing!
Great video,thanks for making it
You earned my sub by far!
You do a great job explaining the strategies. My question, does this strategy work with forex? Gold? Thanks.
From a personal perspective, trading based on candlesticks is simple, safe, and most profitable. However, you need to test thoroughly in a real trading environment and address psychological trading issues. Wish you success
Thanks a lot this set up works for me
This one works for me 80-90% your the man Scarface thanks a lot
Which market do you trade this strategy with?
simple..... a free one and one here for everybody not like them fakes mentors trying to make money out of fees from info like this god bless you
Thank you brother! This video was very helpful. Going to give this a shot tomorrow. I am in a mentorship right now as I just found you but would like to come over and join you after I’m done. Thanks again for explaining things very clearly, so a 5 year old could understand 😂
Hi how would I find a mentor?
Did the strategy work for you?
love your videos, very simple and practical. i was wondering if this strategy can also be applied to the forex markets
sounds really good i will try on demo for a little while first
17:35 day 5 high risk reward ❤ i like this content so much. Need more vid from this guy
Interesting video. Keep it up.
Really good one